How to take healthy finances as a couple?
If we do a field experiment and consult several couples on how they manage their finances , I think we will come to the conclusion that there is no universal manual to carry out the home economy correctly or to manage money efficiently, however, We can agree that there are some tips that will help us have an organized economic life.
So if you are thinking of going to live with your girlfriend, or if you are having discussions with your partner about economic issues, we recommend that you follow the following tips on partner finance :
Planning
It can be the key they must follow to make a difference between living in the midst of conflicts over bad debts and being calm about having an organized economic life. Establish a budget of own and collective income and expenses. Take into account all the monthly expenses you have: rent, household expenses, debt payments, savings, and extra expenses.
Deadlines, responsibilities, economic obligations have to be set and equitable responsibilities are assigned, that is, while one pays the rent or the mortgage loan, another takes care of the public services.
In my house, for example, we have divided the expenses, one pays all the services and the other one is in charge of paying the super and buying the food. In addition, since January we set the goals to be met throughout the year and as we are both agreed we work and save to meet them.
As a yapa, we establish that each one can have one or two “extravagant” tastes a year, so when one makes a large expense outside the established goals, we know that it is one of those allowed of the year. Obviously, that extra expense should not compromise the finances of the couple, so it can be to buy a camera, play or something like that.
Establish a strategic plan
That includes individual and joint goals: This tip goes hand in hand with planning expenses and establishing a budget. In the couple there are goals that cannot be met immediately but that are necessary to meet them in a term, perhaps one year or in six months. That goal may be to change the washing machine or repair the car. Maybe with the savings they cannot arrive and they even have to think about asking for a loan. If an advance is requested Dr. Neston will have to think in the following months how they will return the financing and how this will impact on their daily economy.
Synchronize financial priorities
Identify the financial habits of your partner, by this we mean that you pay attention to what are the strengths and weaknesses, maybe you have an excellent management of finances but you never remember to pay the phone on time … well, pay attention to These habits will allow you to discover the shortcomings you have and work together to overcome them for the couple.
We hope that these suggestions help you with your partner finances . Finally, we would like to highlight that you have to be an ally of money and not allow it to be a source of conflict with your loved ones.